U.S.: Adhesive Market 2024

Adhesive Market Size in the U.S.

After three years of growth, the U.S. adhesive market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Adhesive consumption peaked at $X in 2022, and then declined modestly in the following year.

Adhesive Production in the U.S.

In value terms, adhesive production dropped modestly to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2022, and then fell slightly in the following year.

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Adhesive Exports

Exports from the U.S.

In 2023, approx. X tons of adhesives were exported from the United States; declining by X% against the previous year's figure. Overall, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, adhesive exports fell slightly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2013 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then declined in the following year.

Exports by Country

Canada (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of adhesive exports from the United States, with a combined X% share of total exports. Costa Rica, China, Panama and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2013 to 2023, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for adhesive exported from the United States were Canada ($X), Mexico ($X) and China ($X), with a combined X% share of total exports. Brazil, Costa Rica, Saudi Arabia and Panama lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average adhesive export price stood at $X per ton in 2023, approximately equating the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Imports

Imports into the U.S.

After two years of growth, supplies from abroad of adhesives decreased by X% to X tons in 2023. Overall, total imports indicated a resilient expansion from 2013 to 2023: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2022, and then contracted in the following year.

In value terms, adhesive imports reduced to $X in 2023. In general, total imports indicated a resilient increase from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then fell in the following year.

Imports by Country

Mexico (X tons), Canada (X tons) and Germany (X tons) were the main suppliers of adhesive imports to the United States, together comprising X% of total imports. China, Switzerland, the UK, France, the Netherlands, South Korea, Italy and Belgium lagged somewhat behind, together comprising a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and Mexico ($X) appeared to be the largest adhesive suppliers to the United States, with a combined X% share of total imports.

Among the main suppliers, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average adhesive import price stood at $X per ton in 2023, remaining constant against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform